The Government of the Russian Federation, represented by the Ministry of Agriculture and the Ministry of Industry and Trade, rejected the State Duma’s proposal to introduce state regulation of prices for essential products. Price intervention can destabilize the economy, according to the department.
The State Duma’s proposal to cap profit margins on essential products was rejected by the Ministry of Agriculture and the Ministry of Industry and Trade. Write about this “Kommersant”.
The government believes that there is no need to introduce state regulation of food prices, and mere intervention in pricing can destabilize the economy, lead to reduced tax revenues and a shortage of goods on the market.
The State Duma proposed to introduce a cap on food profit margins at the level of 10-15%. The Ministry of Agriculture stressed that under the current conditions they can impose a price limit on products, but under certain circumstances, for example, if the price of individual products increases by more than 10% in two months, without taking into account the factors seasonal.
Author:
Kirill Bilyk
Source: RB
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